Labour 1970 Sources Question

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How far do these 3 sources suggest that it was the sudden deterioration in the trade figures during the election campaign that explains labours unexpected defeat in the general election? Source 1 provides no direct evidence to show how labour was defeated in the 1970 election however economically in the 1960's, Labour and Harold Wilson had struggled. They inherited a large trade deficit and this became most apparent in 1966 once Labour had increased their majority. The problem was that to help ease the issue, Wilson would have to devalue the pound so that the UK's exports would be cheaper and therefore more competitive in price. However this was something that Wilson vowed he would not do. He believed that devaluing the pound would damage Britain's prestige in the world. This stubbornness from Wilson resulted in the devaluing of the Pound being delayed until November 1967. This mounted a lot of pressure on money markets and lost Wilson a lot of popularity. By finally giving in and devaluing the pound, Labours coherent reputation and authority was damaged. The whole issue surrounding the devaluation of the pound weakened the Labour party further by causing divides within. This weakening contributed to the election defeat in 1970. Furthermore Source 2 however does show direct evidence why labour had lost the election as it states “began for me as badly as it could of done” this tells us that the day had gone badly Roy Jenkins had done a relatively okay interview which didn’t relatively well amongst the public. However in the afternoon it became apparent that the export figures were down £45 million. This was because of two jumbo jets they had imported last month and the figures only showed the month’s figures therefore this was a big shock to the public. These figures were then published in the newspaper so everyone could read it and see it. This would have had a
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